IRAs
Retirement is not as far away as you may think; it’s never too soon to start planning for a comfortable future. We offer the following accounts to help you. Talk to your tax advisor to see which makes sense for you.
We offer a range of Retirement Accounts options including:
- Traditional IRAs
- Roth IRAs
- Coverdell Educational Savings Accounts (ESAs)
- Traditional/Roth IRA
- Educational Savings Account
- All IRAs
Traditional/Roth IRA
Traditional IRAs
- Tax-deferred savings
- Required minimum distributions at 72 years of age
- Contributions allowed up to 72 years of age with Earned Income
Roth IRAs
- Qualified distributions may be tax-free
- No required minimum distributions
- Contributions of Earned Income allowed after 72 years of age
Educational Savings Account
Coverdell Educational Savings Account (ESA)
A Coverdell Educational Savings Account (ESA) provides individuals a way to save for qualified educational expenses of the designated beneficiary of the account.
- Designated beneficiary may receive tax-free distributions
- Contributions can be made until child reaches 18-years of age
- Age limit for contributions does not apply to special needs beneficiaries
- Funds may be rolled over to other qualified family members
All IRAs
All IRAs
- Fully insured with FDIC and DIF insurance
- Free online banking (for balance inquiries)
- Choose from Savings Accounts or multiple Certificate of Deposit terms
- Choose from a statement or passbook account